Imagine a Private Sector, Free Market Economy That Guarantees Enough Predictable Income,,,

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Think about, in case you can, a personal sector oriented, free market financial system which is designed to systematically assure that each American citizen, no matter race, ethnicity, gender, or sexual orientation, has ENOUGH PREDICTABLE INCOME to pay for first rate meals, shelter, clothes, schooling, primary transportation, and sure, well being care. In different phrases, think about, in case you can, a free market financial system that is particularly designed to supply…
• No homelessness
• No folks residing in cockroach and rat-infested slums or ghettos
• No single mothers having to decide on between elevating their children and feeding them
• No wage slaves engaged on company plantations for exploitative company dictators
• No previous people consuming pet food with the intention to pay for his or her meds
• No systematically induced anxiousness and stress resulting from monetary instability
• No militarized cops attempting to regulate indignant mobs
• No cyclical recessions or depressions, bankruptcies or house foreclosures
• No want to flee inhumane residing circumstances by means of booze, medication, and psychological sickness
• No debt created whether or not shopper debt or governmental debt
• People who find themselves really free to satisfy their particular person potentials, no matter they could be
• And in the long term, no want for social security nets (i.e. Social Safety, Medicare, and Medicaid) as a result of everybody has ENOUGH PREDICTABLE INCOME to pay their payments!

Though this record sounds virtually unimaginable, contemplate these FACTS. On common, the American financial system grows on the fee of $4 Trilli {Dollars} yearly. That interprets into about $12,000 for each man, girl, and youngster in America. However usually talking, the beneficiaries of this annual progress are at the moment restricted to these individuals who can afford to purchase the shares, bonds, actual property, and technological developments that account for this progress.

90% Lack the Alternative
Extra particularly we’re speaking about lower than 10% of Individuals who’ve the means to make the most of this comparatively predictable progress, and 90% who lack the chance to take part. Thus, we now have a twenty first century wealth hole that’s wider and extra poisonous than any time because the inventory market crash of 1929 and the Nice Melancholy which adopted in its wake.

To make issues worse, this was the case lengthy earlier than the present pandemic oriented financial disaster raised its ugly head. In response to hundreds of thousands of employees dropping their incomes and healthcare as a result of virus, the Federal authorities has elevated unemployment advantages for a number of months, and issued so known as “stimulus checks ($1,200)” to hundreds of thousands of individuals in an effort to artificially jump-start demand and to stop the ship of state from sinking into oblivion.

Unpalatable However Needed Steps
In taking these unpalatable however essential steps the federal government has considerably elevated the already huge debt load, which suggests it is a short-term not a long-term resolution. The hope after all is to artificially resuscitate demand, which in flip ought to recreate jobs and get we the folks again to work and lead us all again to the place we had been earlier than the virus struck.

The issue is that, even earlier than the virus struck, we the folks weren’t in an excellent place. Even earlier than the virus erupted over half of all Individuals had been residing paycheck to paycheck, unable to afford a $500 bump within the highway with out having to borrow cash with the intention to pay for it. Issues are dramatically worse than they had been a number of month in the past earlier than the virus. However the place we had been remains to be not the place to which we the persons are longing to return. So, what can we do?

The $4 Trillion Greenback Concept That Creates No Debt!
In that gentle let’s recall that on common, the American financial system grows on the fee of $4 trillion {dollars} yearly. As soon as once more, that interprets into about $12,000 yearly for each man, girl, and youngster in America. However the beneficiaries of this annual progress are those that can afford to purchase shares, bonds actual property, and new expertise. This usually excludes we the folks.

The query I wish to increase right here is, how can we make sure that the typical American citizen has systematic entry to the possession aspect of the financial system, the place a lot of the wealth is being generated? How can the typical Joe achieve entry to that $4 trillion dollars-worth of predictable progress with the intention to generate a second stream of funding earnings, whereas eliminating the concern and instability that so many Individuals undergo from in at this time’s extremely imbalanced financial system?

Paying “We the Folks” to Pull Collectively…
Contemplate this. What if the Federal Reserve, by means of native banks issued $12,000 of INSURED CAPITAL CREDIT to each American citizen yearly, together with a stipulation that these funds may solely be used to buy shares of recent and transferred capital property that had been predicted to generate sufficient future earnings to pay for the acquisition of those property and to create a predictable, stabilizing, residual earnings for its homeowners?

This technique, generally known as Capital Homesteading, would value American taxpayers NOTHING. It creates no authorities debt! And no shopper debt! And, somewhat than authorities debt-backed foreign money, the acquisition could be backed (collateralized) by actual, productive, private-sector property

And it will not be inflationary. All cash created would immediately be backed (collateralized) by the complete worth of personal sector property that residents would obtain insured loans with the intention to buy. Residents would really be buying newly issued, full dividend payout, voting shares of corporations that want new capital property with the intention to develop.

What this may do nevertheless, is give each American citizen equal entry to the possession aspect of the American financial system, the place most of our nations’ wealth is being generated. In the long term it is going to assist democratize the free market.

On this second of political division and strife Capital Homesteading actually pays all Individuals to tug collectively, on the similar time, in the identical course, in the direction of the identical targets! It interprets mere political speak (equivalent to… we’re all on this collectively) into actual stay, outcomes pushed motion!

It Systematically Counteracts Concentrated Wealth!
Over time, every American citizen will accumulate extra fairness, extra residual earnings, and profit from their funding earnings in a approach that solely the rich can at this time. Because the consequence, the necessity for federally backed social security internet packages (i.e. social safety, Medicare, Medicaid, meals stamps) will regularly fade into the sundown. Extra folks will be capable of pay taxes, which in flip decreases the load on these amongst us who nonetheless pay taxes. It systematically counteracts and impedes concentrated wealth because it regularly democratizes America’s free-market financial system!

As we speak’s Disaster Would not Be a Disaster
If Barack Obama, George W. Bush, or Invoice Clinton had carried out Capital Homesteading throughout their respective administrations, at this time’s COVOD 19/Unemployment disaster wouldn’t be a disaster. We the folks may afford keep at house and nonetheless have enough earnings to climate a a lot much less extreme storm. Trump has had the identical alternative for 3 years now, however he is proven little interest in really making America nice once more. Joe B? How about you?

Capital Homesteading In Element
I confess, this commentary has been a generalized portrait in dire want of extra element. So, for a full and detailed rationalization of how this technique may very well be carried out, go to CESJ.ORG and take a look at the idea that Dr. Norman Kurland calls the CAPITAL HOMESTEADING ACT. It is an ingenious concept whose time is lengthy overdue. And it is one excellent factor that might really come to fruition as the results of this horrific COVID 19 disaster.

Addendum…

UBI vs. Capital Homesteading Comparability
Stimulus checks are successfully a short-term type of Common Primary Revenue (UBI), an concept which has been advocated by amongst others, former presidential hopeful and serial entrepreneur Andrew Yang, in addition to Mark Zuckerberg of Fb, and Elon Musk of Tesla. Though the urged annual sum of money issued ($12,000 yearly) is similar as Capital Homesteading, that is the place the similarity ends. Try the variations.

1. Because it points insured capital credit score loans which might be paid again by way of pre-tax future earnings, and may solely be used to purchase wealth producing capital property, Capital Homesteading creates NO GOVERNMENT DEBT and NO COMSUMER DEBT! UBI and stimulus checks create authorities debt that may finally be paid again by we the folks (not the 1% who’re spectacular at avoiding taxes) within the type of increased taxes.

2. Capital Homesteading systematically creates common capital possession alternative and entry to the technique of buying wealth producing capital property. UBI doesn’t.

3. Capital Homesteading systematically funds predictable and sustainable progress of the financial system. UBI doesn’t.

4. Capital Homesteading systematically permits particular person residents to change into economically empowered and liberated by means of capital possession. UBI doesn’t.

5. Capital Homesteading systematically permits residents to change into economically unbiased of the federal government. UBI doesn’t.

6. Capital Homesteading systematically generates mass buying energy by means of ever-broadening citizen possession of earnings producing capital. UBI doesn’t.

7. Capital Homesteading systematically creates new homeowners of superior applied sciences and inexperienced progress property UBI doesn’t.

8. Capital Homesteading systematically creates a rising tax base to pay the prices of presidency, thereby eliminating deficit spending and finally paying off the at the moment huge authorities debt. UBI doesn’t.

9. UBI/Stimulus checks are easy and instant. That is their energy.

10. Capital Homesteading requires a while (normally plenty of years) to ensure that advantages to build up. That is why UBI ought to begin instantly and be phased out over time in favor of Capital Homesteading.

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Source by Rick Osbourne